NATIONAL GRID PLC-SP ADR (NGG) Stock Technical Analysis
USA - NYSE:NGG - US6362744095 - ADR
Overall NGG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NGG is showing a nice and steady performance.
Besides having an excellent technical rating, NGG also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 77.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 76.86, a Stop Loss order could be placed below this zone.
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55.44
We found 5 important support areas.
- A support zone ranging from 76.58 to 76.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 73.19 to 74.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.09 to 71.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 67.43 to 67.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @56.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 77.75 to 78.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NGG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGG is up. |
| ChartMill Relative Strength | 80.41 | POSITIVE | NGG has a high relative strength, it outperformed 80.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.97 | NEUTRAL | The RSI value for NGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NGG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.9 | OVERBOUGHT | The high Stochastics value suggests NGG may be overbought. |
| Average True Range in percent/ATR (20) | 1.18 | LOW VOLATILITY | The low ATR as a percentage value for NGG suggests low volalility. |
| Average Directional Index/ADX (14) | 32.79 | POSITIVE | The high ADX value value for NGG suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 78.10 | 76.57 | 1.53 (1.96%) | 25.00% |
| An entry @78.10. This is a Buy Stop order right above the resistance zone. | An exit @76.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.53 points, which is 1.96%. | For a 0.49% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
77.38
-0.71 (-0.91%)
NATIONAL GRID PLC-SP ADR / NGG FAQ
What is the technical rating for NGG stock?
ChartMill assigns a technical rating of 10 / 10 to NGG.
What is the current trend direction of NATIONAL GRID PLC-SP ADR (NGG) stock?
The current trend direction for NATIONAL GRID PLC-SP ADR (NGG) is Bullish.
What is the RSI signal for NGG stock?
NATIONAL GRID PLC-SP ADR (NGG) has an RSI value of 59.9716. This indicates that the stock is currently neutral.
What is the MACD signal for NGG stock?
The MACD indicator for NATIONAL GRID PLC-SP ADR (NGG) has a value of 0.0359841, indicating a bearish trend.
What is the short term momentum for NGG stock?
The short term momentum for NATIONAL GRID PLC-SP ADR (NGG) is positive.